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End Results

SeaWave Introduces Integrator 3.0i

SeaWave LLC, a wireless communications company serving the maritime industry, is proud to announce its most recent addition to the Integrator product line, the Integrator 3.0i. The Integrator 3.0i features a built-in Iridium voice and data modem that allows any vessel to combine Integrator’s Least Cost Routing and SeaWave’s signature Throughput Technology with the low cost service fees of the Iridium constellation creating a low cost, highly available communications system. The Integrator 3.0i’s state-of-the-art technology may be installed as a stand alone system or combined to leverage your customer’s existing communications system into one least cost routing network. The end result is the most powerful and affordable communication service available.


MN 100: Gencorp Insurance Group

Gencorp.jpg

The Company: Gencorp Insurance Group provides the Insurance and Surety needs of Marine Contractors, Vessel Operators and Shipyards throughout the country and Caribbean. Gencorp’s Marine Group facilitates the coverage placement and claims settlement for all insureds, utilizing a team that has a Maritime Academy background or professional waterfront experience. Ask any group of Owners to design and build a full service insurance brokerage with all of the services and resources that they


Bioremediation Products Demonstrated to USCG

The U.S. Coast Guard recently received a demonstration of two Spillaway brand bio-remediation products, which contain live bacteria or spores that "eat" oil and fuel. Spillaway products are distributed by MEM International. Bio-remediation uses naturally occurring microorganisms to degrade harmful chemicals into non-toxic compounds. Microorganisms break down a wide variety of organic compounds that are found in nature to obtain energy for their growth


U.S. Navy Gives Lockheed Martin the Green Light

The U.S. Navy has given its final approval for Lockheed Martin to proceed with the integration and shipboard installation of the world's first, fully-open architecture Aegis weapon system for a major surface warship. Aegis Open Architecture will be installed in the cruiser USS Bunker Hill (CG 52) during its Depot Modernization Period (DMP), scheduled to commence in February 2008. Aegis Open Architecture will allow the Navy to stay on technology's


Shedding the Subsea Offshore LITE

OilRig_TIS 061.jpg

The Louisiana Immersive Technologies Enterprise (LITE) and Global Industries partnered to share LITE visualization technology and high performance computing capabilities with oil and gas industry leaders at OTC in Houston. “Our hosts for OTC, Global Industries, gave us the opportunity to share our exciting visualization technologies with leaders in the oil and gas industry. Through onsite simulations we developed especially for the conference


U.S., Ghana Complete AMLEP 2015

A Ghanaian military member stands by as the Military Sealift Command’s joint high-speed vessel USNS Spearhead (JHSV 1) moors at Sekondi Naval Base, Ghana, after completing Africa Maritime Law Enforcement Partnership operations Feb. 24, 2015. Spearhead is on a scheduled deployment to the U.S. 6th Fleet area of operations in support of the international collaborative capacity-building program Africa Partnership Station. (U.S. Navy photo by Lt. Adam Cole/Released)

  U.S. and Ghanaian and maritime forces completed Africa Maritime Law Enforcement Partnership (AMLEP) 2015 operations, Feb. 24, 2015. The Military Sealift Command’s joint high-speed vessel USNS Spearhead (JHSV 1) and an embarked combined law enforcement detachment (LEDET), working in tandem with Ghanaian navy’s Western Naval Command Maritime Operations Center (MOC) and patrol vessels, were able to detect three vessels that were violating Ghanaian maritime law and cite them


TOTE Ships to Reduce Emissions by 90%

Nearly $1.5m in grant money recently awarded to the Port of Tacoma will empower Totem Ocean Trailer Express, Inc. (TOTE) to reduce the particulate matter and greenhouse gas emissions of its two Orca Class vessels by an estimated 90 percent while at TOTE’s Tacoma terminal. The emissions reduction will be the end result of the Port of Tacoma adding 600,000 volt electrical maritime power at the terminal and TOTE retrofitting both vessels with electrical power plug-ins


Supply and Demand: Asia-Med

Sources: Drewry Maritime Research; World Container Index assessed by Drewry

Asia/Med peak season started badly as cargo growth from Asia to the Mediterranean was poor in June, which is an ominous sign for the rest of this year’s peak season. Containerized exports from Asia to the Mediterranean rose by only 1% between May and June, up to 415,000,000 teu, which does not auger well for the rest of the peak season. As the market is partly driven by tourism, much has to be in place before the end of August


Record Volumes at Port Metro Vancouver

Photo: Port Metro Vancouver

Canada's largest and most diverse port has released its 2013 year-end results showing continued growth, including a repeat of record volumes in the container and bulk sectors. In 2013, Port Metro Vancouver also advanced several ongoing capacity building infrastructure projects, updated and extended environmental initiatives and participated in substantial community engagement activities. The 2013 year-end statistics report shows that Port Metro Vancouver handled 135 million metric tons of


Caterpillar, Uptake to Create Analytic Solutions

Photo by Caterpillar Inc

  To help customers around the world better understand the health of their equipment and optimize machine availability, Caterpillar Inc.today announced it has entered into a technology and predictive analytics agreement with Uptake, provider of a dynamic analytics and insight platform for a wide array of industries, based in Chicago, Illinois. Caterpillar has made a minority investment in Uptake and will jointly develop an end-to-end platform for predictive diagnostics to help


Amphibious Operations a Joint Effort

Royal Australian Navy

 Staff from Brisbane-based 1st Division/Deployable Joint Force Headquarters joined other Defence representatives for an amphibious force staff exercise in Townsville in October.   Conducted by the Amphibious Task Group, the exercise provided an opportunity for personnel representing


GOGL Sinks into Loss

Photo: Golden Ocean Group Limited

Dry bulk shipping company Golden Ocean Group Limited, while announcing its preliminary results for the quarter ended September 30, 2016, informed that it suffered a net loss of $26.7 million and a loss per share of $0.25    Highlights  


ZIM in the Red

Courtesy Zim

Despite continued distressed market conditions ZIM announced today improved results for Q3 2016 on most parameters compared to Q2 2016. The company continues to out perform the industry average in Adjusted EBIT margins for the 7th consecutive quarter


Survitec Group Completes Merger with WMS Safety Business

Survitec Group, a provider of critical safety and survival technology to the marine and defence markets, has announced the completion of its merger with Wilhelmsen’s marine safety business. The deal includes the transfer of all Wilhelmsen Maritime Services AS (WMS)’


Maersk Sees Rough Seas Ahead

File photo: Maersk Line

The economic slowdown in China and the slump in commodity prices has impacted container trade in South Africa with the dry exports market, made up of mostly mining commodities, declining by 2 percent year-on-year in October and declining by 4 percent over the last quarter.


Nakilat Delivers Steady Performance in Q3

Abdullah Fadhalah Al Sulaiti Photo Nakilat

 Nakilat has announced its financial results for the third quarter ended 30 September 2016, where the Company’s net profit reached QR 749 million compared to QR 757 million for the same period last year. The Board of Directors stated that the company’s strategic long-term


Saudi Shipper Bahri Q3 Net Profit Falls

National Shipping Company of Saudi Arabia (Bahri), the exclusive oil-shipper for Saudi Aramco, reported a 37.6 percent drop in third-quarter net profit on Monday. The company's net profit for the three months to Sept. 30 was 318.4 million riyals ($84.92 million), down from 510


Adani Ports PAT Grows by 61%

Karan Adani Karan Adani CEO, APSEZ   Photo Adani

Adani Ports and Special Economic Zone Limited (“APSEZ”), India’s largest port developer and the logistics arm of Adani Group, today announced another stellar operational and financial performance for the quarter and half year ended September 30, 2016.  


Braemar Shipping Fighting The Waves

Photo: Braemar Shipping Services plc

 Braemar Shipping Services PLC reported a sharp decline in pretax profit for the first half of its financial year on Tuesday, hit by difficult conditions in a number of its key end markets, reports Alliance News.   In August, Braemar warned its results for the year to the end of


Polarcus Achieves High Utilization at Low Costs

Rod Starr - CEO, Photo Polarcus

Polarcus Limited announced release of its third quarter 2016 financial statements. HEADLINES Q3 2016:  * Revenues of USD 64.6 million, down 5% from Q2 2016  * Contract revenues of USD 54.1 million, up 31% from Q2 2016  * Multi-Client revenues of USD 10


J Lines’ Merger is All About Scale and Survival

Photo: Kawasaki Kisen Kaisha, Ltd

 The announcement that three Japanese shipping groups will merge their liner shipping businesses is further evidence of survival M&A sweeping the industry according to global shipping consultancy Drewry.   This morning Kawasaki Kisen Kaisha Ltd


Seaspan Declares Q3 Results

Photo: Seaspan Corporation

 Seaspan Corporation announced its financial results for the three and nine months ended September 30, 2016. Revenue edged up thanks to new additions to its fleet, including the delivery of one newbuild vessel during the quarter.   


Boskalis Profits Zoom as Expected

Royal Boskalis Westminster N.V.  closed the third quarter of 2016 in line with expectations. Image Boskalis

Royal Boskalis Westminster N.V. (Boskalis) closed the third quarter of 2016 in line with expectations. Both revenue and operating profit were higher than the average seen in the first two quarters of the year. The increase was wholly attributable to the contribution from the offshore activities


Record Containership Demolitions has suppressed Fleet Growth - Drewry

Fig 1 Note Data up to 7 November 2016 only Source Drewry Maritime Research

A record year for containership demolitions in 2016 has helped suppress total fleet growth close to the rate for demand. To repeat that feat the scrapping record will need to be smashed again, and again. There are multiple ways to measure the vitality of the container industry


Dynagas LNG Q3 Results

Photo: Dynagas LNG Partners

 Dynagas LNG Partners LP (DLNG) has reported third-quarter profit of $17.3 million.     On a per-share basis, the company said it had net income of 44 cents. Earnings, adjusted for non-recurring costs, came to 49 cents per share.  






 
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